One of these is not a similarity between Joint Venture and Partnership.

One of these is not a similarity between Joint Venture and Partnership.

A

AIM is profit making

B

It is for a specific venture

C

Involves two people

Dhave rights and duties

Answer is B

The main difference between a joint venture and a partnership is that the members of a joint venture have teamed together for a particular purpose or project, while the members of a partnership have joined together to run “a business in common”. Each member of the joint venture retains ownership of his or her property.

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